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Nonprofit · EIN 56-1597343

GATEWAY COMMUNITY DEVELOPMENT CORPORATION

Tax-exempt · HENDERSON, NC 27536

Financials

$4K$97K2022$145K$184K2023$614K$261K2024$313K$282K2025
Revenue Expenses · by fiscal year end
Financials of GATEWAY COMMUNITY DEVELOPMENT CORPORATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990$313,096$281,613$31,483$1,060,148$0$1,060,148
December 31, 2024990$614,450$260,962$353,488$980,688$0$980,688
December 31, 2023990-EZ$145,000$183,537-$38,537$329,968–$299,899
December 31, 2022990-EZ$3,500$97,167-$93,667$333,773–$307,618
Financial details: 990 for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$153,000
Program service revenue
$0
Investment income
$0
Other revenue
$160,096

Expenses

Grants and similar amounts paid
$9,262
Compensation of officers, directors and key employees
$112,950
Other salaries and wages
$80,084
Salaries, compensation and benefits (total)
$193,034
Professional fundraising fees
$0
Legal fees
$195
Accounting fees
$3,700
Occupancy
$24,303
Program services (functional)
$18,374
Management and general (functional)
$263,239

Balance sheet and other

Total assets, start of year
$1,106,859
Total assets, end of year
$1,060,148
Total liabilities, end of year
$0
Net assets, end of year
$1,060,148
Land, buildings and equipment
$625,839
Net assets without donor restrictions
$384,971
Net assets with donor restrictions
$675,177
Gross receipts
$313,096
Employees
0
Year formed
1988
State of legal domicile
NC

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2025, highest compensation first.

NameTitleHours / weekCompensation
HEATHER JOI KENNEYPresident
Officer
40$86,250
HEATHER YENCARELLICOO
Officer
40$26,700
ABDUL RASHEEDTreasurer
Trustee or director
0$0
WANDA HENDERSONSecretary
Trustee or director
0$0
IRVIN HENDERSONChairman
Trustee or director
0$0
JUSTIN HENDERSONTrustee
Trustee or director
0$0
VALARIE JORDANTrustee
Trustee or director
0$0
KAREN FOSTERTrustee
Trustee or director
0$0
BRANDON ALEXANDERTrustee
Trustee or director
0$0
JULIUS HARTTrustee
Trustee or director
0$0
990 for the year ended December 31, 2024: 10 people
NameTitleHours / weekCompensation
HEATHER JOI KENNEYPresident
Officer
40$90,004
HEATHER YENCARELLICOO
Officer
40$26,400
ABDUL RASHEEDTreasurer
Trustee or director
0$0
WANDA HENDERSONSecretary
Trustee or director
0$0
IRVIN HENDERSONChairman
Trustee or director
0$0
JUSTIN HENDERSONTrustee
Trustee or director
0$0
VALARIE JORDANTrustee
Trustee or director
0$0
KAREN FOSTERTrustee
Trustee or director
0$0
BRANDON ALEXANDERTrustee
Trustee or director
0$0
JULIUS HARTTrustee
Trustee or director
0$0
990-EZ for the year ended December 31, 2023: 10 people
NameTitleHours / weekCompensation
HEATHER JOI KENNEYPresident40$41,675
HEATHER YENCARELLICOO40$3,900
ABDUL RASHEEDTreasurer0$0
WANDA HENDERSONSecretary0$0
IRVIN HENDERSONChairman0$0
JUSTIN HENDERSONTrustee0$0
VALARIE JORDANTrustee0$0
KAREN FOSTERTrustee0$0
BRANDON ALEXANDERTrustee0$0
JULIUS HARTTrustee0$0
990-EZ for the year ended December 31, 2022: 9 people
NameTitleHours / weekCompensation
HEATHER JOI KENNEYPresident40$26,012
ABDUL RASHEEDTreasurer0$0
WANDA HENDERSONSecretary0$0
IRVIN HENDERSONChairman0$0
JUSTIN HENDERSONTrustee0$0
VALARIE JORDANTrustee0$0
KAREN FOSTERTrustee0$0
BRANDON ALEXANDERTrustee0$0
JULIUS HARTTrustee0$0

Address and contacts

Address (IRS master file)
314 S GARNETT ST, HENDERSON, NC 27536-4538
Mailing address (990-N for 2020)
314 S Garnett Street, Henderson NC 27536
Principal officer (990 for 2025)
PRESIDENT
Principal officer (990-N for 2020)
Abdul Rasheed, 110 Stewart Farm Road, Henderson NC 27537
Signed the 990
HEATHER JOI KENNEY, President
Phone
(252) 492-6298
Return prepared by
MoreThanEnuf Business Services LLC

Mission

Gateway Community Development Corporation is committed to improving the quality of life for the communities we serve by providing essential resources and opportunities that promote growth, development and empowerment.

990 for the year ended December 31, 2025

Program accomplishments

  • Gateway exempt purpose achievements include providing small business development, community engagement, and sponsorships to organizations in the local community serving our community in impactful ways.
    Expenses $18,374

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990 on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990-EZ on file

IRS record

EIN
56-1597343
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1988
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$1,060,148
Income (IRS master file)
$313,096

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2025$313,096$281,613$1,060,148IRS
990December 2024$614,450$260,962$980,688XML
990-EZDecember 2023$145,000$183,537$329,968XML
990-EZDecember 2022$3,500$97,167$333,773XML
990December 2021$200,200$30,703$372,539IRS
990-N for 2020
Officer: Abdul Rasheed
December 31, 2020≤ $50,000 receipts––e-Postcard
990-N for 2018
Officer: Andrea Harris
December 31, 2018≤ $50,000 receipts––e-Postcard

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 56-1597343).

Questions about GATEWAY COMMUNITY DEVELOPMENT CORPORATION

What is the EIN of GATEWAY COMMUNITY DEVELOPMENT CORPORATION?
The employer identification number (EIN) of GATEWAY COMMUNITY DEVELOPMENT CORPORATION is 56-1597343.
Is GATEWAY COMMUNITY DEVELOPMENT CORPORATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1988.
Are donations to GATEWAY COMMUNITY DEVELOPMENT CORPORATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does GATEWAY COMMUNITY DEVELOPMENT CORPORATION file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of GATEWAY COMMUNITY DEVELOPMENT CORPORATION due?
The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did GATEWAY COMMUNITY DEVELOPMENT CORPORATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2025.
Who is the principal officer of GATEWAY COMMUNITY DEVELOPMENT CORPORATION?
The 990 for the year ended December 31, 2025 names PRESIDENT.
Who are the officers and directors of GATEWAY COMMUNITY DEVELOPMENT CORPORATION?
The 990 for the year ended December 31, 2025 lists 10 people; 2 received compensation from the organization, the highest $86,250 (HEATHER JOI KENNEY, President).
How much revenue does GATEWAY COMMUNITY DEVELOPMENT CORPORATION have?
On its 990 for the year ended December 31, 2025 it reported revenue of $313,096, expenses of $281,613 and total assets of $1,060,148 at year end.

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